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Stable Yield With Closed-End Funds: Term CEF Ladder

Published Mon, 09 Apr 2018 16:25:37 -0400 on Seeking Alpha

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Background and Investment Objective
First, some personal background, as this is my inaugural article on Seeking Alpha. I have spent 15+ years on institutional fixed income trading desks. The first five were spent learning the corporate bond business while working primarily in operations / systems. In 2007 I moved to trading and analytics, and subsequently spent the next decade trading structured products, ending recently with an 18-month stint selling high-yield corporates. I will probably return to the business at some point, but right now I am an individual investor without access to Bloomberg. I am a trend-follower, not a soothsayer. I do not seek to predict economic or market cycles, rather, I do my best to be correctly positioned during each stage.
My history with CEFs goes back about ten years. Barron’s occasionally puts out decent recommendations, and I have traded in and out of several muni-CEFs, usually with multi-year holding periods, but it is only recently that I started studying the product closely. My current goal is to uncover funds that take advantage of the CEF structure while providing sustainable yield on NAV. By “yield on NAV” I mean total return... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
HIGH YIELD INCOME FUND 15.21   0.0 0.00 0.00 7.00

HIGH YIELD INCOME FUND - HYI
HIGH YIELD INCOME FUND - HYI  


Older articles featuring High Yield Income Fund (HYI):
Adjusting Your 60/40 Portfolio For A Zero Yield World
How To Strengthen High-Yield Allocations With Term CEFs
Sifting Through The Rubble Of The High Yield Sector
ISD: Attractive 8%+ Yielding CEF
Postmortem On 13%-Yielding ACP: Don't Just Look At The Yield
Weekly Update: 43 Dividend Hikes Declared November 25
A Quick Look At Some High-Yielding CEFs With >100% Distribution Coverage
Seeking Income In High Yield Bonds
Weekly Review: High-Yield CEFs - This Fund Is Traded At Almost 16% Discount
Weekly Review: High-Yield CEFs - The Fund With The Highest Coverage Ratio Deserves Attention

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